Economic growth in the United States slowed in the first quarter of 2024, but consumers are still spending more than they did last year, according to National Retail Federation Chief Economist Jack Kleinhenz. In NRF’s Monthly Economic Review, Kleinhenz noted gross...
A study released by the National Retail Federation and Prosper Insights & Analytics indicates Mother’s Day spending could reach $33.5 billion this year. It would be the second-highest spending total for Mother’s Day in the study’s history, following last...
March retail sales, as reported by the United States Census Bureau, increased as tax refunds and job growth put more money in shoppers’ pockets, National Retail Federation chief economist Jack Kleinhenz concluded. “March’s Census Bureau numbers confirm that consumer...
Retail sales grew at a steady pace in March, according to the CNBC/NRF Retail Monitor and released by the National Retail Federation, with core retail sales up 0.23% month over month and 2.92% year over year in the month. The figures compared with gains of 0.27% month...
Inbound cargo volume at the nation’s major container ports should gain through spring as imports grow despite new supply chain challenges, according to the Global Port Tracker report released by the National Retail Federation and Hackett Associates. Major ports in the...
